What are the administration costs?

We make one simple charge for managing your money and administering your pension pot.

We deduct 0.5% of the value of your pension pot each year. This is known as an ‘annual management charge (AMC). This works out as 50 pence a year for every £100 of the value of your account. So if you have £1,000 invested, we’ll charge you £5 each year. The amount charged may fluctuate with the value of funds under management.

Thankfully you don’t need to work out your charges separately, because we take them into account in the unit price.